This comes after the company reported a strong nine-month financial year of 2025 (9MFY25) performance, surpassing expectations, driven by rate increases for the floating production storage and offloading (FPSO) Abigail Joseph and contributions from FPSO Maria Quiteria. The research house has raised its FY25/26 earnings forecast by 14%, bolstering confidence in the company’s future growth.
U.S. oil and gas firm Kosmos Energy walked away from its pursuit of West Africa-focused Tullow Oil on Tuesday, without specifying any reason for the decision, prompting a 10% drop in Tullow’s shares.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said the country’s known hydrocarbon reserves have increased, with crude oil and condensate hitting 37.5 billion barrels as of January 1.
Namibia has been a frequently mentioned name when talking about the future global oil landscape. With potentially significant reserves, the southwestern African country eyed the status of fifth-largest oil producer on the continent. But then something happened: Big Oil discovered gas. A lot of it.
The ever-growing Ghanaian supply chain market has driven organisations to increasingly rely on supplier collaborations and partnerships to enhance efficiency, drive innovation, and, most importantly, reduce costs. This trend is particularly pronounced in Ghana’s oil and gas sector, which plays a vital role in the country’s economy.
In a testimonial, the Board Chairman of the company, Reginald Daniel Laryea, lauded Mr Osei-Prempeh who presided over the steady growth and expansion of GOIL in spite of industry turbulence in 2020 and 2021 caused by COVID-19.
Well, it is year end 2024, time for all respectable pundits to earn their keep by making predictions or by bloviating on the latest topic somebody has latched onto. So, we approached our favorite pundit, Mr. Question Man, to make his contribution to popular seasonal wisdom. Here is the interview.
Ukraine has identified 238 tankers it said belong to a shadow fleet of ships that Russia is using to keep its oil and fuels moving around the world, with hopes this information (which the west has had for years) will force western authorities to sanction the carriers.
Nigerian offshore oil and gas player Oriental Energy Resources unveiled its new 30,000-bpd, USD 315-million FPSO at an inaugural ceremony in Dubai on Saturday.
Abu Dhabi’s ADNOC has signed a deal to supply 600,000 tonnes per year (tpy) from the Ruwais LNG project to Germany’s EnBW, the Emirati energy player announced on Monday.